WOBURN, Mass.--(BUSINESS WIRE)--SolidEnergy
Systems announced today that it has completed a $34M Series C
funding round, bringing the total funding to date to more than $50M.

SolidEnergy is a developer and producer of advanced semi solid Li-Metal
technology, the lightest rechargeable cells in the world that can be
manufactured using existing Li-ion manufacturing infrastructure.

The company also announced that Bud Collins, the former CEO of NEC
Energy Solutions and President of A123 Energy Solutions, has joined
SolidEnergy Systems as COO. With extensive experience spanning nearly
three decades, Bud brings valuable experience in management, product and
business development to SolidEnergy during a period of rapid growth. As
COO, Bud will lead and direct the company’s operations enabling further
growth into the UAV, Wearables, Smartphones and Electric Vehicles
markets. “I am very excited to join SolidEnergy Systems at this moment
in time where they are entering into the commercialization phase of
their technologies,” said Collins. “SolidEnergy’s ability to leverage
existing infrastructure of cell manufacturers is a key enabler in
bringing their technology to market quickly and with the highest
quality.”

“We are grateful for the trust and support that our existing and new
investors put in us and are thrilled to have a steady hand like Bud
Collins at the operational helm as we continue to expand our product
line and broaden our customer base,” said Qichao Hu, Founder and CEO of
SolidEnergy Systems. “SolidEnergy plans to use the funds to expand our
manufacturing capability both internally and through cell manufacturing
partners.”

About SolidEnergy Systems

Founded in 2012, as an MIT spinoff SolidEnergy
developed and produces Li-Metal cells with >450Wh/kg and 1200Wh/L under
the trademark Hermes™ (High Energy Rechargeable Metal Cells for Space)
to customers in aeronautics, space, consumer drones, consumer
electronics and automotive. Its main focus is on materials - anodes and
electrolytes and manufacturing processes that are compatible with
existing Li-ion cell manufacturing processes thus achieving scalability
by using existing infrastructure and eliminating the need for costly
infrastructure investments.

SolidEnergy is not just a battery company, its mission is to unlimit
energy, enable a new era of creative freedom in technology and transform
connectivity and transportation on land and in air.